Metafi Yielders collapsing, new withdrawal restrictions
The Metafi Yielders Ponzi scheme is collapsing.
In line with other MLM crypto Ponzis struggling to put off the inevitable, Metafi Yielders has introduced withdrawal restrictions.
As per an update sent out by Accomplice CEO Michael Daher earlier today;
To make sure we sustain the Project for the long term we need to make some changes for the next 2 to 3 weeks until we generate enough profits with the software and make up the difference that we lost due to the recent market crash.
The “changes” Daher refers to makes it harder for Metafi Yielders affiliates to withdraw invested funds:
- investors are limited to two withdrawals a day, capped at $4000
- withdrawals will now be approved manually, subject to a 24 to 48 hour wait time
- investors are no longer permitted to pull out their capital prior to their investment plan expiring
Daher advises the new restrictions are in place till June 15th.
Like most MLM crypto Ponzis doing the rounds presently, Metafi Yielders is hedging its bets on the crypto market returning to what it was prior to last week’s dump.
Unlike retail investors though, they have a Ponzi to run and time isn’t on their side. $4000 a day isn’t likely to affect rank and file investors but it will stop those with larger backoffice balances (the recruiters) from draining the scam.
At least temporarily. Expect an exit-scam on or before June 15th if “the market” doesn’t
General investor confidence in MLM Ponzis might also make the June 15th deadline meaningless. Fat lot of good the crypto market bouncing back will do if new suckers aren’t investing.
Update 18th May 2022 – Metafi Yielders has now disabled withdrawals altogether.
The company claims it is “upgrading servers”, which it states will be finished by May 23rd.
Update 20th May 2022 – Metafi Yielders’ excuse timeline has gone out the window.
Withdrawals have purportedly been reinstated as of May 19th, capped at $4000 a day as per the original restrictions.
Update 24th May 2022 – Metafi Yielders has collapsed.